This is ludicrous and socialist with small individual investors ability to secure their own financial security with a small account . This is bending to the big money funds to siphon out the small investor . Another socialistic interference into capital markets . Pity the regulators didnt do there job with PFG some years ago when investors lost millions because regulators defied criminal activity
SR-FINRA-2019-009 has been approved by the SEC. Effective May 8, 2019, this rule will no longer be applicable. Please consult the appropriate FINRA rule.
(a)
/01 Reserved.
/02 Information to be Disclosed
Statements of accounts to customers must clearly and prominently disclose on the front of the statement:
1. the identity of the introducing and
(a) No member shall open a margin account, as specified in Regulation T of the Board of Governors of the Federal Reserve System, for or on behalf of a non-institutional customer, unless, prior to or at the time of opening the account, the member has furnished to the customer, individually, in paper or electronic form, and in a separate document (or contained by itself on a separate page as part
The Communications with the Public section of the 2022 Report on FINRA’s Risk Monitoring and Examination Activities (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) relevant regulatory obligations and related considerations, (2) exam findings and effective practices, and (3) additional resources.
I am a 40 year old CFA Charterholder, investing for my own portfolio. I am shocked and disturbed to hear that investing in and/or trading certain products will be contingent upon certain criteria. I am investing my own capital, and feel it is against my rights to be told what I can and cannot invest in. Furthermore, I have completed extensive exams within the financial space, as well as worked
Today I'm giving my first speech as FINRA's Chairman and CEO—and I can't think of a better audience for the occasion, although all of us wish the economic circumstances of the occasion were quite different. The fact that you are here speaks volumes about your commitment to build the most effective control environment possible at your firms.
Executive Summary
FINRA recently held annual elections to fill vacancies on its Regional Committees, Small Firm Advisory Committee (SFAC) and the National Adjudicatory Council (NAC). Additionally, at its December meeting, the FINRA Board of Governors (FINRA Board) also selected individuals to fill several appointed seats on the SFAC and NAC. This Notice lists the individuals recently elected and
I am a small investor who would like to continue to choose my own investments, including the ones that this FINRA rule would restrict as too "complex". I've spent considerable time educating myself on investment theory and the value of a diversified portfolio, and I use a mix of "complex" and conservative investments to match my goals and risk
Notice of Annual Meeting of FINRA Firms and Proxy
Free markets are the hallmark of a free society. However, freedom is not a privilege of the few or those with a series 62. It is the right of all to invest in those instruments that meet their financial needs including the ability to hedge. Leverage and hedging provide me a way of allocating capital, managing tax burdens, and stabilizing returns. As a data scientist with an MBA in finance,
